Punjab Communications Ltd

Punjab Communications Ltd

₹ 49.7 -2.32%
29 May - close price
About

Incorporated in 1981, Punjab Communications
Ltd is in the business of telecom products manufacturing.[1]

Key Points

History[1]
Puncom was established and promoted by the Punjab Govt. for enhancing the Electronics and Telecommunication industry in the region. has also broadened its customer and product base through tie-ups with foreign companies including Huawei Technologies of China for the supplying DWDM equipment. The company went about developing its core markets of railways, power sector with its own products.

  • Market Cap 59.7 Cr.
  • Current Price 49.7
  • High / Low 74.0 / 40.1
  • Stock P/E 20.0
  • Book Value 25.3
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 10.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of -0.95% over last 3 years.
  • Contingent liabilities of Rs.53.7 Cr.
  • Earnings include an other income of Rs.10.4 Cr.
  • Company has high debtors of 180 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
3.35 3.13 2.92 3.12 5.88 3.21 5.54 3.55 4.92 6.67 8.17 4.99 7.02
5.58 5.46 5.11 5.55 7.90 6.21 8.49 5.75 6.00 8.96 7.78 8.01 9.34
Operating Profit -2.23 -2.33 -2.19 -2.43 -2.02 -3.00 -2.95 -2.20 -1.08 -2.29 0.39 -3.02 -2.32
OPM % -66.57% -74.44% -75.00% -77.88% -34.35% -93.46% -53.25% -61.97% -21.95% -34.33% 4.77% -60.52% -33.05%
2.45 -0.71 1.84 1.59 17.10 1.88 2.00 2.81 2.55 2.68 2.90 2.19 2.68
Interest 0.02 0.01 0.00 0.47 0.01 0.17 0.00 0.01 0.00 0.00 0.01 0.01 0.00
Depreciation 0.05 0.05 0.05 0.05 0.05 0.04 0.05 0.05 0.05 0.04 0.04 0.07 0.06
Profit before tax 0.15 -3.10 -0.40 -1.36 15.02 -1.33 -1.00 0.55 1.42 0.35 3.24 -0.91 0.30
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.15 -3.10 -0.40 -1.36 15.02 -1.34 -1.00 0.55 1.41 0.35 3.23 -0.91 0.30
EPS in Rs 0.12 -2.58 -0.33 -1.13 12.49 -1.11 -0.83 0.46 1.17 0.29 2.69 -0.76 0.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
21.01 20.16 27.96 37.91 44.66 27.60 20.58 10.76 10.59 15.05 17.21 26.85
39.09 39.25 42.72 50.82 55.94 47.53 40.57 31.57 27.07 24.15 26.40 34.08
Operating Profit -18.08 -19.09 -14.76 -12.91 -11.28 -19.93 -19.99 -20.81 -16.48 -9.10 -9.19 -7.23
OPM % -86.05% -94.69% -52.79% -34.05% -25.26% -72.21% -97.13% -193.40% -155.62% -60.47% -53.40% -26.93%
8.36 8.93 9.06 8.80 9.46 9.01 8.48 7.91 1.13 19.95 9.24 10.45
Interest 0.15 0.09 0.06 0.11 0.34 0.07 0.04 0.03 0.04 0.50 0.23 0.03
Depreciation 0.39 0.22 0.53 0.61 0.55 0.44 0.35 0.29 0.23 0.20 0.20 0.21
Profit before tax -10.26 -10.47 -6.29 -4.83 -2.71 -11.43 -11.90 -13.22 -15.62 10.15 -0.38 2.98
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -5.52% 0.00% 0.00% 0.00% 0.00%
-10.26 -10.48 -6.29 -4.83 -2.70 -11.43 -11.90 -12.49 -15.62 10.15 -0.38 2.98
EPS in Rs -8.53 -8.72 -5.23 -4.02 -2.25 -9.51 -9.90 -10.39 -12.99 8.44 -0.32 2.48
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 36%
TTM: 56%
Compounded Profit Growth
10 Years: 9%
5 Years: 18%
3 Years: 33%
TTM: 387%
Stock Price CAGR
10 Years: 1%
5 Years: 16%
3 Years: 18%
1 Year: -10%
Return on Equity
10 Years: -12%
5 Years: -15%
3 Years: -1%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05
Reserves 82.07 71.59 65.35 61.53 58.58 46.22 35.08 22.36 6.59 16.78 16.50 18.40
0.00 0.00 0.50 1.89 0.00 0.39 0.00 0.00 0.00 0.00 0.00 0.00
42.56 52.63 58.15 57.90 77.33 76.27 76.83 77.22 74.65 67.49 66.66 58.49
Total Liabilities 136.68 136.27 136.05 133.37 147.96 134.93 123.96 111.63 93.29 96.32 95.21 88.94
4.19 5.66 5.66 5.65 5.32 4.97 4.63 4.12 3.89 3.71 3.90 4.17
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 6.99 6.99 6.99 6.99 6.99 6.99 6.99 6.99 0.00 0.00 0.00
132.49 123.62 123.40 120.73 135.65 122.97 112.34 100.52 82.41 92.61 91.31 84.77
Total Assets 136.68 136.27 136.05 133.37 147.96 134.93 123.96 111.63 93.29 96.32 95.21 88.94

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-16.56 -0.86 -12.03 -13.83 -4.93 -10.34 -4.78 -15.11 -22.97 -1.21 -9.39 -6.69
18.79 1.38 10.41 15.75 4.00 14.22 5.90 8.64 23.08 25.35 -9.78 8.90
-1.14 -0.07 0.45 1.29 -2.21 0.33 -0.42 3.88 -0.04 -4.40 0.00 -0.03
Net Cash Flow 1.10 0.44 -1.17 3.21 -3.13 4.21 0.70 -2.59 0.08 19.74 -19.17 2.18
Free Cash Flow -16.64 -2.67 -12.46 -14.41 -5.15 -10.43 -4.79 -15.12 -22.96 -1.23 -9.54 -7.18
CFO/OP 91% 6% 88% 111% 44% 52% 24% 73% 139% 13% 102% 82%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 292.03 261.26 201.17 182.45 226.96 321.09 323.50 353.81 352.25 257.56 204.66 180.39
Inventory Days 723.93 723.92 697.89 480.62 407.15 538.64 629.67 2,113.82 1,268.59 1,038.75 738.50 114.66
Days Payable 553.25 568.95 478.95 316.73 297.62 381.05 537.64 1,645.34 1,098.87 914.89 615.70 513.50
Cash Conversion Cycle 462.71 416.22 420.12 346.34 336.49 478.69 415.53 822.28 521.96 381.42 327.46 -218.45
Working Capital Days 361.70 203.86 113.83 92.62 38.25 -39.67 -257.88 -752.73 -714.49 -430.97 -339.13 -446.97
ROCE % -8.45% -11.26% -7.84% -6.18% -3.24% -17.57% -22.42% -32.38% -32.61% -9.35% -2.82% 10.20%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Revenue from Operations (Turnover)
₹ Lacs

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Trade Receivables Turnover Ratio
Ratio
Employee Count
Number
PLCC (Systems/Spares) Revenue
₹ Lacs
VMUX (Systems/Spares) Revenue
₹ Lacs
Service Income
₹ Lacs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28%
4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78%
0.25% 0.25% 0.25% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
23.69% 23.68% 23.68% 23.92% 23.91% 23.92% 23.91% 23.91% 23.91% 23.92% 23.91% 23.92%
No. of Shareholders 9,9729,8689,8009,8419,8819,96810,10510,13810,08710,0599,9329,884

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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